Financial Times FT.com

D Bank reaches deal on ABN Amro assets

By James Wilson in Frankfurt and Michael Steen in Amsterdam

Published: October 20 2009 15:19 | Last updated: October 20 2009 21:26

Deutsche Bank has reached preliminary terms with the Dutch government to buy commercial banking assets from ABN Amro, removing a potential obstacle imposed by Brussels on plans to restructure the nationalised Dutch bank.

The German bank first struck a deal last year to buy the units from Fortis, the Belgo-Dutch banking group that was part of the consortium that had bought ABN Amro, for €709m in cash.

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